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The post CoinShares Seeks Nasdaq Listing for First U.S. Spot XRP ETF appeared on BitcoinEthereumNews.com. Altcoins CoinShares is making a bold play to open institutional access to XRP in the United States. The European asset manager has filed an application with the Securities and Exchange Commission to list a spot XRP exchange-traded fund (ETF) on Nasdaq, proposing to trade under the ticker XRPL. A Push for Regulated XRP Exposure The filing, submitted on October 14, outlines an intricate framework designed to meet U.S. compliance and custody standards. BitGo has been selected as digital custodian, while Valkyrie Funds will provide seed investment. U.S. Bank and its affiliates will manage both cash and fund administration, and Paralel Distributors will handle market outreach. The ETF will track XRP’s spot price directly, without engaging in staking or yield-generating activities. CoinShares said the initiative aims to create “a transparent and fully regulated structure” that would allow American institutions to hold XRP exposure through a familiar financial vehicle. The company already manages several crypto-based ETPs in Europe and views this expansion as part of a broader effort to bring digital assets into the mainstream financial ecosystem. The timing of the proposal places CoinShares in the center of a regulatory crunch. The SEC is set to rule on multiple spot XRP ETF filings in October, with Grayscale first in line, followed by submissions from 21Shares, Bitwise, WisdomTree, and Canary Capital later this month. These rulings could mark a defining moment for how XRP is treated under U.S. securities law and whether institutional adoption accelerates. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks… The post CoinShares Seeks Nasdaq Listing for First U.S. Spot XRP ETF appeared on BitcoinEthereumNews.com. Altcoins CoinShares is making a bold play to open institutional access to XRP in the United States. The European asset manager has filed an application with the Securities and Exchange Commission to list a spot XRP exchange-traded fund (ETF) on Nasdaq, proposing to trade under the ticker XRPL. A Push for Regulated XRP Exposure The filing, submitted on October 14, outlines an intricate framework designed to meet U.S. compliance and custody standards. BitGo has been selected as digital custodian, while Valkyrie Funds will provide seed investment. U.S. Bank and its affiliates will manage both cash and fund administration, and Paralel Distributors will handle market outreach. The ETF will track XRP’s spot price directly, without engaging in staking or yield-generating activities. CoinShares said the initiative aims to create “a transparent and fully regulated structure” that would allow American institutions to hold XRP exposure through a familiar financial vehicle. The company already manages several crypto-based ETPs in Europe and views this expansion as part of a broader effort to bring digital assets into the mainstream financial ecosystem. The timing of the proposal places CoinShares in the center of a regulatory crunch. The SEC is set to rule on multiple spot XRP ETF filings in October, with Grayscale first in line, followed by submissions from 21Shares, Bitwise, WisdomTree, and Canary Capital later this month. These rulings could mark a defining moment for how XRP is treated under U.S. securities law and whether institutional adoption accelerates. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks…

CoinShares Seeks Nasdaq Listing for First U.S. Spot XRP ETF

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2025/10/16 01:52
2 min read
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CoinShares is making a bold play to open institutional access to XRP in the United States.

The European asset manager has filed an application with the Securities and Exchange Commission to list a spot XRP exchange-traded fund (ETF) on Nasdaq, proposing to trade under the ticker XRPL.

A Push for Regulated XRP Exposure

The filing, submitted on October 14, outlines an intricate framework designed to meet U.S. compliance and custody standards. BitGo has been selected as digital custodian, while Valkyrie Funds will provide seed investment. U.S. Bank and its affiliates will manage both cash and fund administration, and Paralel Distributors will handle market outreach. The ETF will track XRP’s spot price directly, without engaging in staking or yield-generating activities.

CoinShares said the initiative aims to create “a transparent and fully regulated structure” that would allow American institutions to hold XRP exposure through a familiar financial vehicle. The company already manages several crypto-based ETPs in Europe and views this expansion as part of a broader effort to bring digital assets into the mainstream financial ecosystem.

The timing of the proposal places CoinShares in the center of a regulatory crunch. The SEC is set to rule on multiple spot XRP ETF filings in October, with Grayscale first in line, followed by submissions from 21Shares, Bitwise, WisdomTree, and Canary Capital later this month. These rulings could mark a defining moment for how XRP is treated under U.S. securities law and whether institutional adoption accelerates.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.

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